Constellium SE (NYSE:CSTM) Sees Significant Increase in Short Interest

Constellium SE (NYSE:CSTM) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 1,900,000 shares, an increase of 24.2% from the February 28th total of 1,530,000 shares. Based on an average daily volume of 1,410,000 shares, the short-interest ratio is presently 1.3 days. Currently, 1.5% of the company’s stock are sold short.

Constellium Stock Performance

Shares of CSTM traded up $0.20 during trading hours on Wednesday, reaching $10.33. 970,720 shares of the company traded hands, compared to its average volume of 1,289,082. The stock has a market capitalization of $1.48 billion, a P/E ratio of 32.28 and a beta of 1.64. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93. The business has a fifty day moving average price of $10.61 and a 200-day moving average price of $11.83. Constellium has a 12-month low of $9.04 and a 12-month high of $23.20.

Constellium (NYSE:CSTM) last announced its quarterly earnings data on Thursday, February 20th. The industrial products company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.47). The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. Constellium had a net margin of 0.67% and a return on equity of 4.83%. Equities analysts anticipate that Constellium will post 1.1 EPS for the current fiscal year.

Institutional Trading of Constellium

Institutional investors and hedge funds have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Constellium during the third quarter worth $221,000. Bank of Montreal Can raised its stake in shares of Constellium by 46.0% during the 3rd quarter. Bank of Montreal Can now owns 448,082 shares of the industrial products company’s stock valued at $7,546,000 after buying an additional 141,137 shares during the last quarter. FMR LLC lifted its holdings in shares of Constellium by 3.4% in the 3rd quarter. FMR LLC now owns 14,681,988 shares of the industrial products company’s stock valued at $238,729,000 after buying an additional 484,011 shares during the period. Verition Fund Management LLC boosted its stake in shares of Constellium by 102.8% in the third quarter. Verition Fund Management LLC now owns 158,902 shares of the industrial products company’s stock worth $2,584,000 after buying an additional 80,552 shares during the last quarter. Finally, Point72 Hong Kong Ltd grew its holdings in Constellium by 29.0% during the third quarter. Point72 Hong Kong Ltd now owns 25,497 shares of the industrial products company’s stock worth $415,000 after acquiring an additional 5,738 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft upgraded Constellium from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $20.25.

About Constellium

Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of rolled and extruded aluminum products for the packaging, aerospace, automotive, defense, and other transportation and industry end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.